Millstone Evans Group LLC Purchases New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Millstone Evans Group LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 100 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors have also added to or reduced their stakes in the business. Berbice Capital Management LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at $27,000. FPC Investment Advisory Inc. raised its position in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares during the period. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at about $34,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth approximately $42,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CRWD has been the topic of a number of research analyst reports. Morgan Stanley assumed coverage on shares of CrowdStrike in a research report on Tuesday, March 18th. They set an “overweight” rating on the stock. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. UBS Group reduced their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group reduced their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $399.51.

CrowdStrike Price Performance

Shares of CRWD stock opened at $372.64 on Tuesday. The stock’s 50-day moving average is $387.16 and its 200 day moving average is $346.07. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $92.37 billion, a P/E ratio of 730.68, a PEG ratio of 17.86 and a beta of 1.19.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the sale, the insider now owns 98,214 shares of the company’s stock, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the transaction, the director now owns 780,592 shares in the company, valued at approximately $334,194,852.96. This trade represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,858 shares of company stock worth $21,288,706. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.